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MOVES- Cairo’s Grand Nile Tower Hotel has appointed former Hilton executive Sherif Medhat (LinkedIn) as its commercial director, according to Zawya.
Author Archives: enterpriseam admin
Posted inSpeed Round
CORRECTION- We mistakenly said in Monday’s issue that Domty’s revenues for 2018 came in at EGP 613.4 mn. This figure reflects the cheesemaker’s revenues for 4Q18. The correct figure for the full year’s revenue is EGP 2.59 bn. The story has since been corrected on our website.
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
Emerging-market SMEs need to overcome these three challenges
Emerging-market SMEs need to overcome these three challenges: difficulty accessing finance, a lack of specialist expertise and obstacles to international trade, Agility CEO Tarek Sultan writes in the FT. “In emerging markets, SMEs face a particularly harsh existence. Most have limited prospects for growth and short life cycles. But their potential, if they get the […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 02 April 2019.
It is a tough morning for Egypt in the American press: The New York Times’ editorial board has penned a piece arguing that Trump should threaten to suspend aid to Egypt when President Abdel Fattah El Sisi visits Washington on 9 April. Why? The planned constitutional amendments and Egypt’s human rights record. And a survivor […]
Posted inON THE FRONT PAGES
El Sisi’s public sector wage increases are back on the front pages of the state-owned press
El Sisi’s public sector wage increases are back on the front pages of the state-owned press: Carrying forward President Abdel Fattah El Sisi’s recent decision to increase the salaries of state employees are topping the front pages of the government-owned press this morning (Al Ahram | Al Gomhuria | Al Akhbar). Two of the three […]
Posted inWorth watching
The corporate space race is hotting up
The corporate space race is heating up: Billionaire CEOs Jeff Bezos of Blue Origin, Richard Branson of Virgin Galactic, and Elon Musk of SpaceX are promising zero-gravity sightseeing by year-end. They may all have the finances, the tech, and the force of will — but which one will emerge as the superpower of space tourism? […]
Posted inDiplomacy + Foreign Trade
Libya bans Egyptian onions, talks with Saudi over crop ban expected this month
Libya doesn’t want our onions: Libya has banned imports of Egyptian onions due to high levels of residual pesticide, Agriculture Ministry sources told the local press. Libyan authorities have yet to directly contact the Egyptian government about the decision, the sources say. The ban comes about a week after the ministry said Egypt has been […]
Posted inEnergy
El Molla talks bringing natgas to homes with World Bank, French Development Agency
Oil Minister Tarek El Molla yesterday met representatives from the World Bank, the French Development Agency, and the Egyptian Natural Gas Holding Company (EGAS), about progress on the government’s drive to connect 2-3 mn homes in 20 governorates to the natural gas grid, according to a Cabinet statement.
Posted inInfrastructure
Shipping lines ask for cheaper fees to return to East Port Said Port
Shipping lines that have withdrawn from East Port Said Port since 2017 have asked for a new fixed-fees system for 3-5 years to compete with alternative ports, Suez Canal Container Terminal CEO Lars Christensen said, according to Al Mal. Suez Canal Container Terminal (SCCT), which is majority-owned by Maersk subsidiary APM Terminals, has been making […]